Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF) MD Rob Waugh tells Proactive the company’s board continues to unanimously recommend to shareholders that they accept the takeover offer by top 10 Australian gold producer Ramelius Resources Ltd in the absence of a superior proposal. This comes as Ramelius, through wholly-owned subsidiary Mt Magnet Gold Pty Ltd, surpassed a 17.71% interest in Musgrave last week and the offer from previous suitor Westgold Resources Ltd (ASX:WGX) closed and lapsed given the offer conditions were not all fulfilled or waived.
Musgrave Minerals recommends acceptance of Ramelius offer
